Endogenous Mercantilism and Oligopoly Dumping

Martin McGuire () and Hiroshi Ohta ()

Working Papers from California Irvine - School of Social Sciences

Abstract: Although the world and its global economy become more and more integrated with each passing year, not all the correlated increase in trade could be unambiguously be called free trade. A significant share of world trade growth in the past generation has occured with state guided economies of decidedly mercantilistic stripe. Coincident with the economic upsurge of neo-mercantile states over recent decades, study of mercantilism has increased. This paper is founded on a model where no coordinated intention is invoked to produce mercantile result. We propose a model of endogenous mercantilism and we identify three stages in the relantioships between the mercantile state and its world trading partners.

Keywords: OLIGOPOLIES; INTERNATIONAL TRADE (search for similar items in EconPapers)
JEL-codes: F10 F13 L13 (search for similar items in EconPapers)
Pages: 23 pages
Date: 2000
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Persistent link: https://EconPapers.repec.org/RePEc:fth:calirv:99-00-18

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